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241 Francis Avenue, Mansfie...

Oliver St. Capital Acquires Industrial Property In Mansfield, MA For $50M
SOLDIndustrial

Oliver St. Capital Acquires Industrial Property In Mansfield, MA For $50M

241 Francis Avenue, Mansfield, MA, USA

$50,000,000

$141/SF

Building Size

352,340 SF

Asset Type

Industrial

Closing

Jun 23, 2021

AI

Located at 241 Francis Avenue in Mansfield, MA, this industrial property was recently sold in a transaction. The property spans a total of 352,340 square feet and has been categorized as an industrial asset. The sale was finalized on 06/24/2021, with a sale price of $50,000,000. The price per square foot for this transaction was $142.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $50,000,000
  • Address: 241 Francis Avenue, Mansfield, MA
  • Square Footage: 352,340
  • Market: Mansfield, MA

Oliver St. Capital, represented by Jon O'Donnell and Jon Hyde, purchased the property from The VAM Realty Trust. The deal was facilitated by brokers Ned Halloran and Leeanne Rizzo from Hunneman.

Players

Ned Halloran

Broker

$50M

vol

2 deals

Broker
Jon O'Donnell

Jon O'Donnell

Oliver St. Capital

Buyer

$79.3M

vol

4 deals

Buyer

Mansfield Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93